China Starch Holdings Limited, an investment holding company, manufactures and sells cornstarch, lysine, starch-based sweetener, modified starch, and ancillary corn-based and corn-refined products in the People’s Republic of China.
Excellent balance sheet and fair value.
Share Price & News
How has China Starch Holdings's share price performed over time and what events caused price changes?
Latest Share Price and Events
Stable Share Price: 3838 has not had significant price volatility in the past 3 months.
7 Day Return
1 Year Return
Return vs Industry: 3838 underperformed the Hong Kong Food industry which returned 4.4% over the past year.
Return vs Market: 3838 underperformed the Hong Kong Market which returned -0.8% over the past year.
Price Volatility Vs. Market
How volatile is China Starch Holdings's share price compared to the market and industry in the last 5 years?
Simply Wall St News
2 days ago | Simply Wall StChina Starch Holdings Limited (HKG:3838) Looks Cheap But Not Cheerful
1 week ago | Simply Wall StCalculating The Fair Value Of China Starch Holdings Limited (HKG:3838)
1 month ago | Simply Wall StDoes China Starch Holdings Limited (HKG:3838) Have A Good P/E Ratio?
Is China Starch Holdings undervalued compared to its fair value and its price relative to the market?
Price to Earnings (PE) ratio
Share Price vs. Fair Value
Below Fair Value: 3838 (HK$0.14) is trading above our estimate of fair value (HK$0.11)
Significantly Below Fair Value: 3838 is trading above our estimate of fair value.
Price To Earnings Ratio
PE vs Industry: 3838 is good value based on its PE Ratio (7.8x) compared to the HK Food industry average (9.8x).
PE vs Market: 3838 is good value based on its PE Ratio (7.8x) compared to the Hong Kong market (10.5x).
Price to Earnings Growth Ratio
PEG Ratio: Insufficient data to calculate 3838's PEG Ratio to determine if it is good value.
Price to Book Ratio
PB vs Industry: 3838 is good value based on its PB Ratio (0.3x) compared to the HK Food industry average (0.8x).
How is China Starch Holdings forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?
Forecasted Food, Beverage & Tobacco industry annual growth in earnings
In this section we usually present revenue and earnings growth projections based on the consensus estimates of professional analysts to help investors understand the company’s ability to generate profit. But as China Starch Holdings has not provided enough past data and has no analyst forecast, its future earnings cannot be reliably calculated by extrapolating past data or using analyst predictions.
This is quite a rare situation as 97% of companies covered by SimplyWall St do have past financial data.
- Examine whether China Starch Holdings is trading at an attractive price based on how much it is expected to earn in the future, and relative to its industry peers and the wider market.
- China Starch Holdings competitive advantages and company strategy can generally be found in its financial reports archived here.
- Explore growth companies in the Food, Beverage & Tobacco industry.
How has China Starch Holdings performed over the past 5 years?
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: 3838 has a high level of non-cash earnings.
Growing Profit Margin: 3838's current net profit margins (1.4%) are lower than last year (4.6%).
Past Earnings Growth Analysis
Earnings Trend: 3838's earnings have grown by 14.9% per year over the past 5 years.
Accelerating Growth: 3838's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.
Earnings vs Industry: 3838 had negative earnings growth (-58.1%) over the past year, making it difficult to compare to the Food industry average (20%).
Return on Equity
High ROE: 3838's Return on Equity (3.3%) is considered low.
How is China Starch Holdings's financial position?
Financial Position Analysis
Short Term Liabilities: 3838's short term assets (CN¥1.8B) exceed its short term liabilities (CN¥1.1B).
Long Term Liabilities: 3838's short term assets (CN¥1.8B) exceed its long term liabilities (CN¥388.4M).
Debt to Equity History and Analysis
Debt Level: 3838's debt to equity ratio (5.1%) is considered satisfactory.
Reducing Debt: 3838's debt to equity ratio has reduced from 14.1% to 5.1% over the past 5 years.
Debt Coverage: 3838's operating cash flow is negative, therefore debt is not well covered.
Interest Coverage: 3838 earns more interest than it pays, so coverage of interest payments is not a concern.
What is China Starch Holdings's current dividend yield, its reliability and sustainability?
Current Dividend Yield
Dividend Yield vs Market
Notable Dividend: 3838's dividend (4.46%) is higher than the bottom 25% of dividend payers in the Hong Kong market (2.28%).
High Dividend: 3838's dividend (4.46%) is low compared to the top 25% of dividend payers in the Hong Kong market (6.72%).
Stability and Growth of Payments
Stable Dividend: 3838's dividend payments have been volatile in the past 10 years.
Growing Dividend: 3838's dividend payments have increased over the past 10 years.
Current Payout to Shareholders
Dividend Coverage: With its reasonably low payout ratio (34.3%), 3838's dividend payments are well covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: Insufficient data to determine if a dividend will be paid in 3 years and that it will be covered by earnings.
How experienced are the management team and are they aligned to shareholders interests?
Average board tenure
Shijun Gao (52yo)
Mr. Shijun Gao serves as Chief Executive Officer of China Starch Holdings Limited. Mr. Gao is principally responsible for overseeing China Starch Holdings Limited's operations and business management. He h ...
CEO Compensation Analysis
Compensation vs Market: Shijun's total compensation ($USD75.04K) is below average for companies of similar size in the Hong Kong market ($USD230.00K).
Compensation vs Earnings: Shijun's compensation has been consistent with company performance over the past year.
|Executive Chairman of the Board||no data||CN¥480.00k||no data|
|CEO & Executive Director||no data||CN¥525.00k||no data|
|Executive Director||13.33yrs||CN¥410.00k||no data|
|Executive Director||12.83yrs||CN¥485.00k||no data|
|Independent Non-Executive Director||12.83yrs||CN¥97.00k||no data|
|Independent Non-Executive Director||6.83yrs||CN¥50.00k||no data|
|Independent Non-Executive Director||4.17yrs||CN¥50.00k||no data|
Experienced Board: 3838's board of directors are seasoned and experienced ( 12.8 years average tenure).
Who are the major shareholders and have insiders been buying or selling?
Insider Trading Volume
Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.
Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.
China Starch Holdings Limited's company bio, employee growth, exchange listings and data sources
- Name: China Starch Holdings Limited
- Ticker: 3838
- Exchange: SEHK
- Founded: 2006
- Industry: Packaged Foods and Meats
- Sector: Food, Beverage & Tobacco
- Market Cap: HK$839.425m
- Shares outstanding: 6.00b
- Website: https://www.chinastarch.com.hk
Number of Employees
- China Starch Holdings Limited
- Tower 1
- Times Square
- Causeway Bay
- Hong Kong
|Ticker||Exchange||Primary Security||Security Type||Country||Currency||Listed on|
|3838||SEHK (The Stock Exchange of Hong Kong Ltd.)||Yes||Ordinary Shares||HK||HKD||Sep 2007|
|46C1||DB (Deutsche Boerse AG)||Yes||Ordinary Shares||DE||EUR||Sep 2007|
China Starch Holdings Limited, an investment holding company, manufactures and sells cornstarch, lysine, starch-based sweetener, modified starch, and ancillary corn-based and corn-refined products in the People’s Republic of China. The company operates through two segments, Upstream Products, and Fermented and Downstream Products. It also researches, develops, manufactures, and sells food additives, feeds, amino acids, and related products; and glucose, maltose, dextrin, animal feed additives, food-grade enzymes, biobased materials, and related products. The company was incorporated in 2006 and is headquartered in Causeway Bay, Hong Kong. China Starch Holdings Limited is a subsidiary of Merry Boom Group Limited.
Company Analysis and Financial Data Status
|Data||Last Updated (UTC time)|
|Company Analysis||2020/07/14 12:42|
|End of Day Share Price||2020/07/14 00:00|
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.